The Global Silicon on Insulator (SOI) Market, valued at US$ 1.7 billion in 2023, is set to witness robust growth, reaching an estimated US$ 6.5 billion by 2034. This growth trajectory is driven by a remarkable CAGR of 12.8% from 2024 to 2034, fueled by increasing adoption of silicon photonics for datacom and telecom, and rising investment in quantum computing.
The surge in the adoption of silicon photonics for datacom and telecom is significantly boosting the SOI market value. SOI technology for photonic integrated circuits (PICs) has garnered substantial attention due to its higher speed and lower power consumption compared to traditional bulk silicon techniques. Additionally, rising investment in quantum computing is propelling the market further. Silicon-based qubits, which can link together with light to form powerful quantum computers, are revolutionizing the quantum computing landscape.
Market Dynamics:
Adoption of Silicon Photonics for Datacom and Telecom: The use of SOI in silicon photonics offers significant benefits over traditional bulk CMOS processes, including limited short channel effects, reduced subthreshold leakage, and higher performance with lower power consumption. The demand for power-efficient and faster communication technologies is driving investment in silicon photonics, which is expected to spur SOI market growth.
Investment in Quantum Computing: Silicon spin qubits, promising candidates for quantum computing, leverage the angular momentum (spin) of particles. SOI technologies hold immense promise for revolutionizing quantum computing and communication. Companies are increasingly investing in quantum computing development, further boosting the SOI market.
Regional Outlook: Asia Pacific led the SOI market in 2023 and is expected to maintain its dominance. Increased investment in SOI wafer fabrication is driving market growth in the region. For instance, SOITEC announced plans to expand its 300-mm SOI wafer fab in Pasir Ris, Singapore, aiming to double its capacity to meet the rising demand for semiconductors.
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Key Players:
- GlobalFoundries Inc.
- GlobalWafers
- Magnachip
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors
- Qorvo, Inc.
- Shanghai Simgui Technology Co., Ltd.
- Shin-Etsu Chemical Co., Ltd.
- Silicon Valley Microelectronics, Inc.
- Skyworks Solutions, Inc.
- SOITEC
- STMicroelectronics N.V.
- SUMCO CORPORATION
- Tower Semiconductor
- WaferPro
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